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SoftBank-backed Ola Electric to slash another 1,000 jobs in profitability push: report

SoftBank-backed Ola Electric to slash another 1,000 jobs in profitability push: report

A man walks past the logo of Ola Electric during a press conference ahead of it's IPO launch in Mumbai, India, July 29, 2024. REUTERS/Francis Mascarenhas/ File Photo

Ola Electric Mobility, India’s top electric two-wheeler maker by sales, is laying off more than 1,000 employees and contract workers as it seeks to prioritise profitability, Bloomberg News reported on Monday, citing people familiar with the matter.